However, businesses will pass their extra cost to consumers, and the higher costs will put U.S. companies at an even greater disadvantage in the global marketplace.

Instead of this, I believe it would be better to eliminate all business taxes and replace them with a sales tax on the products that we buy as proposed in "The FairTax Book."

According to the financial experts that developed the plan, it would eliminate all embedded taxes on corporations, lower the cost of manufactured goods and services by an average of 22 percent, and make our businesses more competitive in the global marketplace.